Kenya eyes stake in Uganda’s KSh 500bn oil refinery project

President William Ruto has announced that Kenya will invest in Uganda’s oil refinery in a move that could see the region deepen collaboration in its energy sector. According to President Ruto, Kenya will take a strategic stake in the planned refinery, estimated to cost over half a trillion shillings. The announcement was made during the Africa We Build Summit 2026, happening in Nairobi. The summit brings together heads of state, government officials, private sector leaders, and development partners to explore practical ways of moving Africa’s infrastructure agenda from planning to full-scale implementation.